Groupama Asset Managment Buys 2,841 Shares of Garmin Ltd. $GRMN

Groupama Asset Managment grew its stake in shares of Garmin Ltd. (NYSE:GRMN) by 139.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,873 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,841 shares during the period. Groupama Asset Managment’s holdings in Garmin were worth $1,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Essential Partners LLC raised its position in Garmin by 3.7% during the 1st quarter. Essential Partners LLC now owns 3,620 shares of the scientific and technical instruments company’s stock valued at $840,000 after purchasing an additional 130 shares in the last quarter. Groupe la Francaise increased its stake in shares of Garmin by 346.4% during the first quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 97 shares during the period. Royal Fund Management LLC raised its holdings in shares of Garmin by 3.4% in the first quarter. Royal Fund Management LLC now owns 27,876 shares of the scientific and technical instruments company’s stock valued at $6,474,000 after acquiring an additional 923 shares in the last quarter. Bank of America Corp DE lifted its stake in Garmin by 73.8% in the first quarter. Bank of America Corp DE now owns 1,295,199 shares of the scientific and technical instruments company’s stock worth $300,499,000 after acquiring an additional 549,954 shares during the period. Finally, Bull Harbor Capital LLC purchased a new stake in Garmin in the first quarter worth about $293,000. Institutional investors own 81.60% of the company’s stock.

Garmin Trading Down 0.8%

NYSE GRMN opened at $295.17 on Friday. The company has a fifty day simple moving average of $243.03 and a two-hundred day simple moving average of $237.09. The stock has a market cap of $56.92 billion, a P/E ratio of 30.43, a P/E/G ratio of 3.38 and a beta of 0.90. Garmin Ltd. has a 12-month low of $186.67 and a 12-month high of $304.00.

Garmin (NYSE:GRMN) last posted its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.30 by $0.51. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. As a group, sell-side analysts forecast that Garmin Ltd. will post 10.1 earnings per share for the current year.

Insider Activity at Garmin

In other Garmin news, CEO Clifton A. Pemble sold 4,029 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $300.00, for a total transaction of $1,208,700.00. Following the sale, the chief executive officer owned 120,127 shares in the company, valued at approximately $36,038,100. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $263.57, for a total value of $169,475.51. Following the completion of the transaction, the director directly owned 21,277 shares in the company, valued at $5,607,978.89. This represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,810 shares of company stock worth $2,478,157 in the last quarter. 14.80% of the stock is owned by insiders.

Key Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q2 beat and higher guidance: Garmin reported adjusted earnings of $2.81 per share, exceeding expectations of $2.30, while revenue increased 11.4% year over year to $2.02 billion. Growth was supported by strong demand for fitness products and advanced wearables. The company also raised its fiscal 2026 outlook, citing stronger margins and demand. Garmin Tops Q2 Earnings Estimates on Fitness Growth, Ups FY26 Guidance
• Positive Sentiment: Momentum and breakout: Coverage highlighted Garmin’s earnings-driven breakout and its ability to deliver growth despite a premium valuation. The stock reached a new 52-week high following the earnings beat, indicating continued investor confidence in its product portfolio and operating performance. Garmin Stock Breaks Out On Second-Quarter Beat, Raised Outlook
• Neutral Sentiment: Valuation debate: Analysts and financial commentary are weighing Garmin’s strong growth against a share price that may already reflect much of the improvement. This could make additional gains more dependent on continued earnings beats and guidance increases. Garmin Beats On Strong Demand, Is The Stock Now 12% Overvalued?
• Negative Sentiment: Insider selling: CEO Clifton Pemble, Vice President Joshua Maxfield and Director Sean Biddlecombe sold Garmin shares worth approximately $1.21 million, $335,000 and $289,000, respectively. Each retained a substantial position, but the cluster of sales can create a modest sentiment headwind.
• Negative Sentiment: Limited analyst upside: Morgan Stanley raised its price target to $289 from $249 but maintained an “equal weight” rating. The new target remains below the recent trading level, signaling that the firm views much of Garmin’s earnings optimism as already reflected in the stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GRMN shares. Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Garmin from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays lifted their price objective on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Garmin presently has an average rating of “Moderate Buy” and an average price target of $289.20.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.